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*PAKISTAN COTTON MARKET UPDATE**Lean business on cotton market**The Spot Rate remained unchanged on Wednesday. The market remained stable and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder told that price of Phutti of Sindh was traded from Rs 4500-7600 per 40 kilograms; Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.**Similarly, Phutti from Balochistan was traded at Rs 6500 per 40 kilograms to Rs 8200 per 40 kilograms.**Cotton of Sindh was traded from Rs 13,500 to Rs 17000 per maund, Punjab’s cotton was traded from Rs 14,500 to Rs 17000 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.**While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.**As many as 600 bales of Samundri were sold at Rs 17500 per maund, 300 bales of Chichawatni, 800 bales of Rahim Yar Khan were sold at Rs 17400 per maund, 800 bales of Shujabad, 200 bales of Marrrot were sold at Rs 16500 per maund and 582 bales of Layyah were sold at Rs 15200 per maund.**The Spot Rate remained unchanged at Rs 17300 per maund. Polyester Fiber was available at Rs 245 per kg.*

*All India Weather Forecast for December 23, 2021**Weather systems made across the country*The Western Disturbance is persisting as a Cyclonic Circulation over North Pakistan and adjoining Jammu and Kashmir.Another Western Disturbance is expected to reach the Western Himalayas by 24th December and soon after that the next Western Disturbance is possible around 26th December.A Cyclonic Circulation is persisting over Bangladesh.*Weather movement across the country during the last 24 hours*During the last 24 hours, due to rise in temperature, cold wave conditions have cleared from most parts of Northwest and Central India.Moderate to light fog was observed over parts of Punjab, Bihar and Arunachal Pradesh.*Probable weather activity during next 24 hours*During the next 24 hours, isolated light rain and snow is likely over Gilgit-Baltistan, Muzaffarabad and parts of Jammu and Kashmir.*Sporadic light rain is possible over Northeast India*During the next 48 hours, the minimum temperature is very likely to increase by 3 to 4 degrees over Northwest and Central India and gradually over the eastern part of the country.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

Today evening, the rupee strengthened by 5 paise to close at Rs 75.55 against the dollar.Today the stock market closed sharply.Today, where the Sensex closed at a level of 56930.56 points with a gain of about 611.55 points. On the other hand, Nifty closed at 16955.50 with a gain of 184.70 points.    

Rupee opens 6 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 6 paise at Rs 75.54 against the dollar. At the same time, on Tuesday, the rupee strengthened by 30 paise to close at Rs 75.60 against the dollar.Strong opening in Sensex, opened up by 455 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 454.62 points to open at the level of 56773.63 points.

*PAKISTAN COTTON MARKET UPDATE**Firm trend on cotton market**The Spot Rate remained unchanged on the cotton market on Tuesday. The market remained steady and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder told that price of Phutti of Sindh was traded from Rs 4500-7600 per 40 kilograms; Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.**Similarly, Phutti from Balochistan was traded at Rs 6500 per 40 kilograms to Rs 8200 per 40 kilograms. Cotton of Sindh was traded from Rs 13,500 to Rs 17000 per maund, Punjab’s cotton was traded from Rs 14,500 to Rs 17000 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.**While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.**As many as 800 bales of Ghotki were sold at Rs 17000 to Rs 17300 per maund, 200 bales of Fazil Pur were sold at Rs 17500 per maund and 1400 bales of Hasil Pur were sold at Rs 14850 to Rs 15000 per maund, 800 bales of Yazman Mandi and 400 bales of Faqeer Wali were sold at Rs 15450 per maund.*

*All India Weather Forecast for December 22, 2021**Weather systems made across the country*A deep low pressure area lies near South Andaman Sea and Sumatra coast. It is likely to move east-northeastwards.A Cyclonic Circulation is persisting over East Uttar Pradesh and adjoining Bihar.One Western Disturbance is expected to affect the Western Himalayas one after the other. One on 22 December and the other on 24 December.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain is very likely over Andaman and Nicobar Islands.Light rain occurred in some parts of North Haryana and Jammu and Kashmir.Cold wave conditions are continuing over Punjab, Haryana, Rajasthan, Madhya Pradesh, Uttar Pradesh and parts of Chhattisgarh and Odisha.Frost was observed in parts of Punjab, Haryana, Rajasthan, Madhya Pradesh and Uttar Pradesh.*Weather activity likely during next 24 hours*During the next 24 hours, light rain and snow is possible over Gilgit Baltistan, Muzaffarabad and over Jammu and Kashmir.Light to moderate rain is possible over Nagaland, Manipur, Mizoram and Tripura. Scattered rain is possible over Assam, Meghalaya and Arunachal Pradesh.*Light to moderate rain may occur over Andaman and Nicobar Islands.*Minimum temperatures are expected to rise over Northwest and Central India during the next few days, which will reduce the severe cold wave. Cold wave conditions may also subside in the next two to three days.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

Today evening, the rupee strengthened by 31 paise to close at Rs 75.60 against the dollar.Today the stock market closed sharply.Today, where the Sensex rose by about 497.00 points, it closed at the level of 56319.01 points. On the other hand, Nifty closed at 16770.80 with a gain of 156.60 points.

Sensex opens sharply, rises 477 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 476.88 points to open at the level of 56298.89 points.Rupee opens 17 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a gain of 17 paise at Rs 75.73 against the dollar. At the same time, on Monday, the rupee closed at Rs 75.90 with a gain of 18 paise against the dollar.

*All India Weather Forecast for December 21, 2021**Weather systems made across the country*A Deep Low Pressure Area is persisting over South Andaman Sea and adjoining region. The associated circulation extends up to 5.8 km above mean sea level.A fresh Western Disturbance will affect Western Himalayas from 22nd December and another around 24th December.*Weather movement across the country during the last 24 hours*During the last 24 hours, the weather remained dry over most parts of the country.Andaman and Nicobar Islands and Lakshadweep received light to moderate rain.Severe cold wave conditions are prevailing over many parts of East Rajasthan, some parts of West Rajasthan, Madhya Pradesh and Haryana.Cold wave conditions persist over Delhi, parts of Punjab, Haryana, Jammu and Kashmir, Ladakh, Himachal Pradesh, Uttarakhand, Gilgit Baltistan, Muzaffarabad and East Madhya Pradesh.Dense fog was observed over isolated parts of West Uttar Pradesh and light to moderate fog over some parts of Bihar, Manipur, Uttarakhand and Tripura.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain at isolated places is very likely over Andaman and Nicobar Islands.There is no possibility of any major change in the minimum temperature of Northwest India.The minimum temperature over East and adjoining Central India may drop by 2-3 degrees.*Severe cold wave conditions are likely over parts of East Rajasthan.*Cold wave conditions are possible over Delhi, parts of Punjab, Haryana, Uttar Pradesh, Jammu and Kashmir, Ladakh, Himachal Pradesh, Uttarakhand, Gilgit Baltistan, Muzaffarabad, West Rajasthan, Madhya Pradesh and isolated parts of Telangana.

*PAKISTAN COTTON MARKET UPDATE**Spot rate picks up by Rs 500 amid low business**The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 500 per maund and closed it at Rs 17300 per maund. The market remained bukkish and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder told that price of Phutti of Sindh was traded from Rs 4500-7600 per 40 kilograms; Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.**Similarly, Phutti from Balochistan was traded at Rs 6500 per 40 kilograms to Rs 8200 per 40 kilograms.**Cotton of Sindh was traded from Rs 13,500 to Rs 17000 per maund, Punjab’s cotton was traded from Rs 14,500 to Rs 17000 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.**While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.**As many as 600 bales of Deherki were sold at Rs 17800 per maund and 1000 bales of Feeroza were sold at Rs 18000 per maund.**Cotton imports to Bangladesh may fall in the current marketing year (MY) of June-May despite an increase in consumption of the major raw material of the garment industry, predicted US Department of Agriculture (USDA). In a recent report, they said the spinners may be inclined to use more cotton from their stock instead of import as cotton price is shooting up.**The USDA report was published on 13 December this year. In the report USDA said cotton imports in Bangladesh may fall to 8.2 million bales in the MY22 from 8.75 million in the MY21.*

*ICE COTTON SUMMARY**Cotton hits 2-week low as Omicron concerns drive broader market retreat**ICE cotton futures extended losses on Monday to their lowest level in two weeks, tracking a pullback in wider financial and commodities markets on worries over a rapid surge in coronavirus cases.**“A lot of markets including cotton are down on fear of the omicron coronavirus variant really spreading faster,” said Jack Scoville, vice president at Chicago-based Price Futures Group.**Scoville added that demand for US cotton has been pretty good, but that Omicron, as well as the Delta variant, were starting to lead to lockdowns again and “it’s kind of put the fear of God into a lot of these markets.”**Sentiment in financial markets remained fragile as many European nations weigh the possibility of restrictions during Christmas to slow the spread of the Omicron variant.**Oil prices slumped more than 5% as the variant’s rapid spread clouds the fuel demand outlook. Lower oil prices make polyester, a substitute for cotton, less expensive.**Speculators cut net long positions in cotton futures by 1,498 contracts to 69,214 in the week to Dec. 14, data from the Commodity Futures Trading Commission (CFTC) showed on Friday.**Total futures market volume fell by 4,609 to 12,980 lots. Data showed total open interest fell 205 to 233,593 contracts in the previous session.**-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775